The use of Bitcoin

[Nhor1011]

Thank you so much to all. I really appreciate each other's opinion and may it help to provide further information and answers to our questions  regarding bitcoin or other things that are going through our minds. Sometime we can't avoid to think about what might happen in the future  using bitcoin or cryptocurrency in general.Well,let's look forward to what will happen in future.

[Ailmand]

Bitcoin is being used in different ways these days. It was just a digital currency and an investment before but due to adoptions, it's now being used in multiple ways. Some merchants and online stores are now accepting Bitcoin. It's also being used in instant payment transactions and in paying our necessities. There are lots of roles waiting for Bitcoin when the massive adoption occurs.

[Expecto]

If Bitcoin will be legalized in the future, it will reach the god tier level for sure, I think. It can already be used on many places like cafes, shopping from internet etc. . When it will be among the best currencies, we will see Bitcoin literally everywhere.

[rodel caling]

All your thougths about bitcoin is truly right and therefore children didn't know how to use bitcoin as mode of payment specially 2 years younger is a parent responsibility to provide the needs of child because at that age didn't know how to count even fiat money.

[ljane]

Have you imagined the fiat currency is being used alongside those debit and credit cards? When the time comes for BTC to be used, it won't be used solely but will be attached with fiat currencies which will make it easier for those who can't have access to it.

[AmoreJaz]

Bitcoin is being used in different ways these days. It was just a digital currency and an investment before but due to adoptions, it's now being used in multiple ways. Some merchants and online stores are now accepting Bitcoin. It's also being used in instant payment transactions and in paying our necessities. There are lots of roles waiting for Bitcoin when the massive adoption occurs.

Yes. Bitcoin will be taught to everyone in its easiest way as soon as massive adoption will take place. When all merchants will start accepting bitcoins, the government will also find ways on how this currency will be very beneficial to the people, having all the internet connection available all the time. This may sound hard at first but as days go by, people will be used to it.

it will take time to reach massive adoption and just like there are unbanked individuals, there will be noncrypto individuals.
there will always be hesitations for the fear of unknown. not all people are conversant with computers or smartphones, so there will be groups of people or areas that will stick to their traditional payment methods. we cant blame them.
but i do believe as time goes by, the usage of crypto will be more versatile than ever!

[diahsw]

Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.

bitcoin always needs the internet, that's a sure thing, because without the internet we can't access it. If bitcoin has been legalized in all countries of the world, and little children can use it, I think bitcoin is no longer antique, it could even be cheap, because it's easy to get it. and in my opinion it's not good too .. !!

[BlackFor3st]

Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.

Our technology is keep on advancing therefore your concerns can be answered in the future as it is also my concern in the first. All the what if, especially with regards to crypto currencies once they will overtake fiat and they become the main currency in the future.

But upon thinking, it can be solve in the near future and I am sure of it as our technology will keep on modernizing. Let's just see whether this will really happen or it is only a hope that will just fade if all the governments will interfere.

[yulionoo]

yes you are right therefore I always say fiat money will always be there even though the government has adopted blockchain and cryptocurrency and legalized bitcoin as a means of payment. because some of our society is not ready to use cryptocurrency and we also need infrastructure that supports cryptocurrency.

[Eugenar]

The terms here are incorrect and confusing, I am assuming you meant adopted in stead of legalized, Bitcoin does not need legalization as it is already legal to use. If the government replaced their fiat with Bitcoin (or Bitcoin backed notes) they would take a large amount of the supply out of circulation and cause prices to go up.

Bitcoin basically doesn't need to be printed as the sole purpose of cryptocurrency will not be met, in this case, if people want to have a fiat in cryptocurrency, they should consider using altcoins but not bitcoin as it will not provide a stable transaction for the people in a single country. In a sense that, they should have a currency which will should be stable for better transactions.

In relation to the topic, the use of bitcoin in addition is that, it can unify the whole world in one currency but before it can happen, they need to make the market price of bitcoin less volatile.

[GideonGono]

For me, it can be used as an alternative mode of payment. As of now, it's really difficult to replace fiat and it's much easier to make small payments using fiat. But bitcoin excels when sending payment across borders without limit, from anywhere, without having an intermediary that logs everything you purchase or transact. It's not the use case for bitcoin to replace small payments as of now because of slower transactions and volatility, but in terms of it being an investment and medium of payment for larger amounts is where I think it can be used.

Of course they didn't need to eliminate fiat because not all the person can avail technology unless they give gadgets to the person who can't afford one.  There are advantage and disadvantage by digital currency.

Before they started to legalizing it, they need to solve the problem first so we can use it as we want.  It is good to have some store who can accept digital which can you can use your money without withdraw it.

[Youghoor]

If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.

So far as people can easily use PayPal and credit cards, the use of bitcoin by these group of people will not be a big deal. Most bitcoin wallets have the option where you can scan the wallet of others and transactions will be made. Once Bitcoin is fully accepted, this will not really be a problem. There will be much evolution of the bitcoin space which will make it more user-friendly ones Bitcoin is recognized worldwide as a digital currency for the transaction of goods and services. 

[Rinimitra1926]

Bitcoin can be used to purchase goods anonymously. In addition, international payments are easy and cheap as bitcoins are not subject to any country or regulation. Small businesses may like them because there are no credit card fees. Some people buy bitcoins just as an investment, hoping that they will go up in value.

[imstillthebest]

So far as people can easily use PayPal and credit cards, the use of bitcoin by these group of people will not be a big deal. Most bitcoin wallets have the option where you can scan the wallet of others and transactions will be made. Once Bitcoin is fully accepted, this will not really be a problem. There will be much evolution of the bitcoin space which will make it more user-friendly ones Bitcoin is recognized worldwide as a digital currency for the transaction of goods and services. 

that is if the person has already a knowledge on using gadgets and on using other payment methods like you mention above  .
using bitcoin will be easier for them but what about those people who dont even have the gadget or the ability to go the school to learn a knowledge .
 do you get my point  ?  bitcoin is still be a big hindrance to these group of people . that is why we still have our fiats which is more easier to use than anything else  .

[migws]

Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.

My sister can find cartoons on YouTube being a child at the age of one year. I think that this will not be a problem for accelerated children these days to use digital payments. The question is that the government will likely never accept Bitcoin, because it is dangerous for centralization, which gives power

[crossabdd]

really like that guys .. ?? did you see what about credit / debit cards, or ATM, internet banking. before that only applies fiat money. and now, most of it is digital. so when bitcoin is accepted in all countries. the use of bitcoin can be learned. even easier than ATMs, and Debit / credit cards. because it only uses smartphones and the internet.

[coinfinger]

I don’t know why we are bothering ourselves over issue that does not call for concern, the creator of the coin too has already out all these into consideration, which is why he specifically stated in his whitepaper that bitcoin is to serve as alternative payment tool, which means that the choice is yours to either use bitcoin over the internet for payment if you can or you use the fiat.

I think that we are just the ones that is blowing things out of proportion by thinking that bitcoin could become a global currency and send the fiat packing. It could become a global currency, but will always work hand in hand with cryptocurrency, so they are like brother and sisters that works towards the same goal, it is just that one is faster and cheaper than the other concerning transactions.

[darkangel11]

OP is pointing out that it will be hard for old people to use Bitcoin, but it is irrelevant. As our young society becomes older the use of cryptocurrencies will increase and it's a natural way of things that old people pass away. You can't expect them to know how to use all the new gadgets they did not have in the 60s and 70s but they don't have to. The advancement of technology is slow and usually people who are in their 60s when the technology emerges die before it becomes global. It was like that with cell phones who came out in the early 80s but became a normal thing to use even by children in the late 90s so it took 20 years for them to take over the market. People who were 60 years old when the technology came out. People like Warren Buffett will not live to see a global crypto economy.

[rdluffy]

If you are worried about how to use BTC and the usability, don't need to worry because with time people will develop better ways to keep and spend BTC
In a near future will be as easy as a credit card for example, remember that kids nowadays are using smartphones or tablets very soon

[acroman08]

Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.

bitcoin is not a physical currency so it is a given that a 2-year-old kid can't use it. as for the elderlies, they will learn just like how they learn how to use ATMs and credit cards etc.. but since bitcoin
will only be an alternative method for payment(since they still have their own currency) it will only be an option for them if they want to learn it. and if the government gave bitcoin the same treatment
like their own currency? it will be used to the extent of how the citizen uses their own currency.